COMMERCE

 

INTRODUCTION

This module unit is intended to equip the trainee with knowledge and attitudes that will enable him/her to apply the principles and concepts of commerce in a business set.

GENERAL OBJECTIVES

  • By the end of this module unit, the trainee should be able to:
  • Understand the importance of commerce in an economy
  • Appreciate the contribution of production and trade in an economy
  • Appreciate the importance of documentation in undertaking commercial activities
  • Appreciate the role if aids to trade in commercial activities
  • Appreciate the importance of stock exchange in an economy
  • Understand the role of government involvement in commerce

SUMMARY OF TOPICS AND TIME ALLOCATION

CODE TOPICS SUB-MODULE TIME-HRS
9.1.01 Introduction to Commerce ·        Meaning of commerce

·        Importance of commerce

·        Scope of commerce

3
9.1.02 Production ·        Meaning of production

·        Factors of production

·        Types of production

·        Specialization and division of labour

10
9.1,03 Trade ·        Meaning of trade

·        Meaning of home trade

·        Scope of home trade

·        Meaning of international trade

·        Scope of international trade

10
9.1.04 Procedure, Documents, Terms and Means o payment in trade ·        Procedures used in home trade

·        Terms used in home trade

·        Documents used in home trade

·        Terms of payments used in home trade

·        Documents used in international trade

·        Terms of payments used in international trade

10
9.1.05 Forms of Business Organization ·        Definition of business organization

·        Classification of business organizations

·        Formation of business organizations

·        Characteristics of business organizations

·        Advantages and disadvantages

10
9.1.06 Money and Banking ·        Functions of banks Meaning of the term money

·        Characteristics of money

·        Functions of money

·        Meaning of banking

·        Types of banks

 

10
9.1.07 Transport and Delivery Services ·        Meaning of transport

·        Role of transport in commerce

·        Modes of transport

·        Factors to consider in choosing an appropriate mode of transport

·        Meaning of delivery services

·        Importance of delivery services

·        Methods of delivery services

·        Documents and terms of delivery

10
9.1.08 Insurance ·        Meaning of insurance

·        Importance of insurance

·        Types of insurance

·        Principles of insurance

·        Procedures of effecting an insurance policy

12
9.1.09 Warehousing ·        Meaning of warehousing

·        Importance of warehousing

·        Essential features of a warehouse

·        Factors to consider when selecting a warehouse

·        Types of warehousing

8
9.1.10 Stock Exchange ·        Meaning of stock exchange

·        Common terms used in stock exchange

·        Functions of stock exchange

8
9.1.11 Role of Government in commerce ·        Reasons for government involvement and participation in commerce

·        Ways in which government regulates and participates in commercial activities

8
9.1.12 Emerging Trends and issues in Commerce ·        Emerging trends and issues in commerce

·        Challenges posed by the emerging issues and trends in commerce

·        Ways of coping with the challenges posed by the emerging trends and issues in commerce

8
    TOTAL TIME 100

 

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